U.S GDP figures this week may lead to Sterling spike
The States seems to be the talking point this week with Federal Reserve Chairman Ben Bernanke Speaking on Tuesday evening about the economy which of course can throw up absolutely anything as we have seen over the past year or so.
Most importantly we see the release of U.S GDP (Gross Domestic Product) figures On Thursday at lunchtime if you are in the U.K. THis release can effect a host of major currencies and with the old saying on the markets of when the U.S sneezes the U.K catches a cold a positive release for the U.S may indeed benefit the Pound.
With China seemingly slowing down we have seen the Australian Dollar struggle over the past week or so and it wouldn’t surprise me for the AUD to have a volatile week once again. If you have a transfer involving either buying or selling the Australian Dollar I suggest you inform an experienced broker if you already use one, if you don’t and you have been just buying or selling when you see a good rate then maybe it is time you got some help on your side.
Feel free to email me directly firstname.lastname@example.org if you have a pending transfer to make and I will be happy to explain the various options available to you to either protect yourself from adverse market movements or to make sure you take advantage of a spike in your favour no matter what time of day or night.
As the week goes personally I feel that confidence is slowly creeping back into the Pound so we could have a fairly poitive week however as you are all aware, anything can happen these days!